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You are here: Home > Leasing

Federal high court rules against FIRS on income Tax assessment based on value of properties

  • 07 Feb 2019
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By a judgement dated Thursday, November 29, 2018, the Federal High Court (FHC) ruled against Federal Inland Revenue Services (FIRS) from assessing a company to income tax based on deemed turnover using

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Taxaide deploys different tools to help tax payers and administrators pursue streamlined, discreet, transparent, and efficient tax functions that skillfully addresses all tax management and administration issues.

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Taxit VAT

 

Integrated with TaxiTPay® to enable seamless disbursement of VAT to the RTA or other VAT collection agent.

  • Cloud-based Technology: Work from anywhere and anytime.
  • Notifications & Reminders: Built-in real-time notifications and alert system to help you stay compliant and keep up with your obligations.
  • Mobile Compatibility: Work from your mobile device.
  • Instant Data Import: The built-in data import tools make data migration into TaxiTVAT® painless thereby giving you a smooth onboarding experience.
  • Fraud Control: Checks against fraud and illicit financial transactions with the user-role console to set-up administrators, approvers, and disbursers functions.
  • Data Security: Highly private, confidential, secure and encrypted data including soft token generation.
  • User Intelligence Experience: Analytical and interactive dashboard interface displaying a general awareness and overview of when and how vendor payments and tax obligations are met.
  • With no upfront software costs, you wouldn’t need to break the bank to afford TaxiTVAT®
  • There’s no software installation hassle and TaxiTVAT® updates automatically.
  • You can automatically export your TaxiTVAT® information into spreadsheets as the relevant general ledger.
  • TaxiTVAT® is scalable; it expands as your business grows, allowing you to undertake complex VAT computation, including Input and Output Tax computations.
Taxit Withhold

 

  • Direct Disbursement: Sorts out payment to vendors and RTAs and disburses payments directly to their individual bank accounts instantly.
  • Integrated with TaxiTPay® to enable seamless disbursement of payments to vendors and RTAs.
  • Automatic Payment Processing: Retains and sorts out all obligations to vendors, computes withholding tax (WHT) and ensures scheduled payments to vendors and RTAs.
  • Cloud-based Technology: Work from anywhere and anytime.
  • Notifications & Reminders: Built-in real-time notifications and alert system to help you stay compliant and keep up with your obligations.
  • Mobile Compatibility: Work from your mobile device.
  • Instant Data Import: The built-in data import tools make data migration into TaxiTWithhold® painless thereby giving you a smooth onboarding experience.
  • Fraud Control: Checks against fraud and illicit financial transactions with the user-role console to set-up administrators, approvers, and disbursers functions.
  • Data Security: Highly private, confidential, secure and encrypted data including soft token generation.
  • User Intelligence Experience: Analytical and interactive dashboard interface displaying a general awareness and overview of when and how vendor payments and tax obligations are met.
  • With no upfront software costs, you wouldn’t need to break the bank to afford TaxiTWithhold®
  • There’s no software installation hassle and TaxiTWithhold® updates automatically.
  • You can automatically export your TaxiTWithhold® information into spreadsheets as the relevant general ledger.
  • Information available in formats sufficient for filing monthly WHT Schedules
  • TaxiTWithhold® is scalable; it expands as your business grows, allowing you to add as many vendors or pay cycles as you like.
Tbook

 

TBook® allows taxpayers to manage their tax affairs and have access to online real time information about their taxes and other statutory obligations.

  • Notifications: Built-in real-time notifications and alert system to help you always stay informed of payments made to or on your behalf including receiving your TaxiTPaySlip®.
  • Ideal for all employees of organizations that use TaxiTPayroll® or persons who receive payments via TaxiTPay®.
  • Data Security: Highly private, confidential, secure and encrypted data including password access
  • User Intelligence Experience: Analytical and interactive functions to enable you to generate choice information.
  • At no cost, TBook® is freely available as long as your smartphone has sufficient data. TBook®’s data usage is very minimal.
  • There’s no software installation hassle and TBook® updates automatically.
  • You can automatically export your TBook® information into spreadsheets as your personal ledger.
  • Information is available in formats sufficient for filing your personal income tax returns.
Taxit Pay

 

One Stop hub for all payments, tax computations and deductions E-banking is the now the norm. To keep tabs on all tax deductions, organisations need a platform that can help track all transactions and keep track of all tax liabilities reducing the stress of computing a huge block of transaction annually.

  • Time Sensitive: Tax and related payments made in timely and stress-free fashion
  • Multi-application: Optimized for making diverse forms of payments and remittances which include net salaries, vendor payments, pensions, and major tax obligations.
  • Receipting: Integrated instant receipt-generating function that gets you your tax and related receipts straight from the RTAs
  • Generate employee pay slips (TaxiTPaySlips®) from TaxiTPay®
  • Integrated with TaxiTPayroll®, TaxiTWithhold®, TaxiTVAT® to allow their users smooth and seamless disbursement of relevant payments.
  • Cloud-based Technology: Work from anywhere and anytime.
  • Notifications & Reminders: Built-in real-time notifications.
  • Mobile Compatibility: Work from your mobile device.
  • Fraud Control: Checks against payment frauds and illicit financial transactions with the user-role console to set-up administrators, approvers, and disbursers functions.
  • Data Security: Highly private, confidential, secure and encrypted data including soft token generation.
  • User Intelligence Experience: Analytical and interactive dashboard interface displaying a general awareness and overview of when and how payments are made.
  • With no upfront software costs, you wouldn’t need to break the bank to afford TaxiTPay®
  • There’s no software installation hassle and TaxiTPay® updates automatically.
  • TaxiTPay® is scalable; it expands as your business grows, allowing you to undertake as many payments as you like.
Taxit Payroll

 

TaxiTPayroll® provides the most robust solution for payroll taxes and tax obligations in Nigeria. TaxiTPayroll® offers an easy to use online application that supports entrepreneurs and small businesses. Accessible 24/7 online, it allows you to grow your business and offers a simple way to get things done.

  • With no upfront software costs, TaxiTPayroll® won’t break the bank.
  • There are no software installation hassle and your payroll software updates automatically.
  • With our smart online payroll solution, your payroll expands and shrinks as your business grows, allowing you to add as many employees or pay cycles as you like.
  • You can automatically update your payroll general ledger.
  • Direct Disbursement: Sorts out the remuneration of employees and disburses payments directly to their individual bank accounts instantly.
  • Automatic Tax Processing: Retains and sorts out all statutory payroll obligations, computes payroll taxes and remits all at once and instant payment to the relevant agencies and agents (RTAs, PFAs, NHF, NSITF, ITF etc.) as payments fall due.
  • Cloud based Technology: Work from anywhere and anytime.
  • Notifications & Reminders: Built in real-time notifications and alert system to help you stay compliant and keep up with your payroll obligations.
  • Mobile Compatibility: Work from your mobile device.
  • Instant Data Import: The built-in data import tools make data migration into TaxiTPayroll® Painless thereby giving you a smooth onboarding experience.
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